Some franchisee owners of Party City locations plan to keep their stores operating, despite news of the company going out of business.

As closures begin, the 695 Party City leases across the United States are heading to auction through A&G Real Estate Partners.

Party City will be auctioning off the leases for all of its 695 stores in the US ahead of the retail company’s nationwide closure. In late December, the party store mainstay announced that it would be shuttering its doors after 40 years in the states due to high inflation that it couldn’t keep up with that drove customers elsewhere.